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Top News of the Day: 1. Convin secures $6.5 million in funding for expansion plan 2. BigBasket, India's largest e-grocer, plans to transition into a full-scale quick commerce platform to meet the rising demand for rapid deliveries. 3. Apple has announced the appointment of Kevan Parekh as its new chief financial officer, replacing Luca Maestri. 4. ₹11,000 cr wiped off Ola Electric's m-cap days after stock doubled investor wealth 5. IPO-bound Swiggy is set to appoint Hari Kumar as chief business officer (CBO) of its quick commerce business Instamart starting September-end 6. Billionaire Harindarpal Singh Banga is expected to make a staggering return of 160 times on an investment of $4 million in fashion and beauty platform Nykaa 7. Apple iPhone 16 to launch in India on September 9. 8. LG Electronics weighs India IPO to help chase $75 billion goal 9. Kae Capital Ropes In Former Endiya Partners’ Executive Abhishek Srivastava As General Partner 10. Apple’s India Ecosystem May Create 6 Lakh Jobs By FY25 11. Minimalist fails to attract investors after seeking fourfold jump in valuation 12. Edtech Startup Kreedo Nets $4 Mn From Heritas Capital, Others 13. Finarkein Analytics Bags $4.75 Mn From Nexus Venture Partners 14. Antler leads $500K round in InsurancePadosi 15. Zomato introduces secondary market for event ticketing ‘Book Now, Sell Anytime’ 16. Paytm Money, the subsidiary of fintech platform Paytm, has appointed Narasinganallore Venkatesh Srinivasan as a non-executive independent director. 17. Beauty marketplace operator Nykaa reported strong growth in gross merchandise value (GMV) from its beauty-owned brands, reaching Rs 1,095.4 crore in FY24. 18. Warburg Pincus has sold its entire 11.35% stake in MedPlus Health Services for approximately ₹836 crore ($112 million) through an open market transaction. 19. Plutos ONE, a technical service provider (TSP) for the Bharat Bill Payments System (BBPS), has secured $2 million in a seed round led by StartupXseed. 20. SoftBank’s Sumer Juneja joins Oyo board as non-executive director 21. Quick service restaurant (QSR) chain 99 Pancakes has secured Rs 20 crore ($2.4 million) in a Series A funding round from a family office. 22. India's Zee Entertainment Enterprises and Sony's Indian unit have reached an agreement to withdraw all claims against each other following their cancelled $10 billion merger. 23. Just Words recently raised $1.7 million in a seed funding round led by Peak XV Partners and Y Combinator 24. Deeptech startup DeepMatrix has raised $1.6 million in a pre-Series A funding round co- led by YourNest and Arali Ventures 25. Zappfresh, an online meat delivery platform, is planning an IPO consisting of a fresh issue of 59.06 lakh equity shares. 26. Chinese e-commerce giant JD.com has announced a new $5 billion share repurchase program, allowing the company to buy back its stock over the next three years. 27. Amazon India has introduced its AI-powered shopping assistant, named Rufus, in the country. 28. HSBC India has expanded its funding programme for local tech startups to $600 million, citing the robust growth in the sector. 29. Startup Incubator T9L QUBE Ropes In Virender Sehwag As Investor 30. Bharti Airtel is set to shut down its Wynk Music app and depart from the music vertical. Stay Updated. Stay Informed. Stay Ahead. Share the Medial App with your network, colleagues, and friends. Let's brainstorm, discuss together and help each other achieve our goals. And don't forget to rate us on the iOS App Store and Google Play Store to help us reach even more amazing people like you.